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POWER Digest [July 2021]


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POWER Digest [July 2021]
GE Will Supply Finnish Wind Farm. General Electric (GE) in late May said it will deliver 16 Cypress onshore wind turbines for the 88-MW Puskakorpi wind farm in Finland. Each 5.6-MW-158 turbine will be installed under a 30-year full-service agreement. The project was co-developed by Finland’s Smart Windpower Oy, Mincovest Oy, and GE Renewable Energy. GE Energy Financial Services (EFS) also was a partner in the project, raising the long-term project finance debt. GE EFS also was responsible for sourcing an investor for the project, which was acquired by Foresight Energy Infrastructure Partners, a Luxembourg Special Limited Partnership for which Foresight Group LLP acts as portfolio manager. Societe Generale, a leading bank in the field of renewab ....

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San Miguel allots at least $1B for battery storage projects


BusinessWorld
April 22, 2021 | 12:08 am
BW FILE PHOTO
SAN MIGUEL Corp. (SMC), through its power arm SMC Global Power Holdings Corp., is spending more than $1 billion to build new battery energy storage facilities with a rated capacity of 1,000 megawatts (MW).
In a press release issued on Wednesday, SMC said that 31 new battery energy storage units are underway. The company said that some storage facilities are in the advanced stages of completion.
“Our ongoing investment into battery energy storage facilities will greatly benefit power consumers all over the country, because this will mean that even faraway provinces or areas can have the same stable and good quality power supply as everywhere else,” SMC President Ramon S. Ang was quoted as saying. ....

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